Earlier this year, Aston Martin accepted an offer – inevitably billed as a rescue – of a £182m investment from a consortium led by Canadian billionaire Lawrence Stroll. Canadian? Rescue? Bells ringing. Forty-five years ago, another Canadian, George Minden, and an American, Peter Sprague, really did rescue the beloved brand.
In January 1975, Aston Martin wasn’t just in need of a capital injection, it was broke. The Gaydon line may have paused this year for Covid-19 but, as 1975 dawned at Newport Pagnell, tools were downed, tea mugs stilled, and the doors shut seemingly for good.
The slow-motion crash dated from February 1972. Sir David Brown, his tractor empire in severe trouble, abruptly sold unprofitable Aston to a Midlands-based firm of property developers, Company Developments. The price was later revealed…